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YOUR TAX DOLLARS AT WORK
You may be eligible to immediately write off up to 100 percent of the purchase price of eligible vehicles1. For 100 years, our dealership has helped business owners do what it takes to get the job done. Now, under new tax depreciation laws, your business may be eligible to immediately deduct up to 100 percent of the purchase price of an unlimited number of
qualifying vehicles purchased in 2018 for business use.
ADDITIONAL TAX DEDUCTION FACTS
• Vehicle titles must be in the company’s name
• Deductions are only available for vehicles used in a trade or business
FIRST YEAR VEHICLE DEPRECIATION LIMITS FOR 2018
• Up to $18,000 Per Vehicle (No Aggregate Limitation)2
• Up to 100% of Purchase Price (No Per-Vehicle or Aggregate Limitation)2
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1 Federal tax depreciation deductions are only available for vehicles used in a trade or business and are subject to change without notice. Each taxpayers’ tax situation is unique; please consult your tax advisor to determine your business’ vehicle depreciation deduction. Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2018 qualify for immediate depreciation deductions of up to 100% of the purchase price. Passenger automobiles as defined in the Internal Revenue Code (including SUVs, trucks and crossovers with a GVWR up to 6,000 lbs.) and placed in service during 2018 qualify for immediate depreciation deductions of up to $18,000 per vehicle. For more information, visit irs.gov. This advertisement is for informational purposes only, and should not be construed as tax advice, or as a promise of availability or amount of any potential tax benefit or reduced tax liability. 2 Passenger automobiles as defined under the Internal Revenue Code (including sport utility vehicles, trucks and crossovers with a GVWR of 6,000 lbs. or less) and placed in service during 2018 qualify for immediate depreciation deductions of up to $18,000 per vehicle. 3 Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2018 qualify for immediate depreciation deductions of up to 100% of the purchase price.
2Vehicles must be placed in service during the 2018 tax year to be eligible. |
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| Copyright © 2018 Turnersville Dodge Chrysler Jeep RAM. All Rights Reserved. |
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